Benchmark sells West Village rental for $31M

Building was one of three the firm was marketing in area

New York /
Mar.March 10, 2017 12:05 PM

Benchmark Real Estate Group sold a six-story West Village rental building to Great Neck-based investor Soheil Khayyam for $31 million.

The Soho-based investment firm sold the 37-unit, 25,600-square-foot rental building at 65 Bank Street, between West 4th and Bleecker streets, according to documents filed with the city on Friday.

Benchmark TRData LogoTINY, led by Aaron Feldman and Jordan Vogel, purchased the building in 2011 for $15.2 million. When reached by phone on Friday, Vogel declined to comment. Contact information for Khayyam was not immediately available.

Amit Doshi and Jackie Himmelstein of Besen & Associates represented Benchmark on the deal and found the buyer.

Benchmark started marketing the building, along with two others, last year. Benchmark purchased the other buildings — 200 East 11th Street in the East Village and 82 West 12th Street in the West Village — for $57 million in 2013 and $22.8 million in 2015, respectively. Based on property records, it does not appear that either of these buildings has yet sold.

Benchmark, founded in 2009, offloaded several rental properties in the past two years. The company sold a Midtown West building for $48 million in May and rental building near Gramercy Park for $87.5 million in March 2016. Benchmark also sold a pair of Chelsea building for $27 million in November 2015.

The firm started marketing a Brooklyn Heights rental building for $22 million.

(To see a selection of properties owned by Benchmark Real Estate Group, click here)


Related Articles

arrow_forward_ios
From left: Howard Hughes CEO David O’Reilly and Jean-Georges Vongerichten in front of the Tin Building at the Seaport (Photo Illustration by Steven Dilakian with Getty Images, Howard Hughes and Twitter/arcofnyc)
Howard Hughes buys stake in Jean-Georges
Howard Hughes buys stake in Jean-Georges
From left: Savitt Partners Bob Savitt and Tory Burch with 11 West 19th Street
Tory Burch staying put at Savitt’s 11 West 19th Street
Tory Burch staying put at Savitt’s 11 West 19th Street
Ruschmeyer’s Hotel (Facebook, Getty)
Montauk hotspot Ruschmeyer’s for sale after losing liquor license
Montauk hotspot Ruschmeyer’s for sale after losing liquor license
The Chetrit Group's Joseph Chetrit and Park West Village on the Upper West Side (Getty Images, Google Maps)
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
Bruce Teitelbaum, 106 West 145th Street and Al Sharpton (Getty, Google Maps)
Teitelbaum slaps Sharpton with legal notice at Harlem HQ
Teitelbaum slaps Sharpton with legal notice at Harlem HQ
Jack Resnick & Sons president Jonathan Resnick and 250 Hudson Street (Getty Images, Google Maps)
PR giant Edelman renews massive space at Resnick’s 250 Hudson Street
PR giant Edelman renews massive space at Resnick’s 250 Hudson Street
Letitia James  with 18-36 Columbus Avenue (Getty, Loopnet)
Rockland County “fraudster” banned from real estate
Rockland County “fraudster” banned from real estate
(Illustration by Kevin Rebong for The Real Deal with Getty)
Cannabis goes legit: Real estate sees green in budding industry
Cannabis goes legit: Real estate sees green in budding industry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...